April 13, 2008
...According to the director of USC Lusk Center, Dr. Conway:
"Specifically, the supply of apartments in downtown LA is greatly increased.
Despite the widening supply of apartments, it is expected to form a stable market like moving in rate of apartment reaching 97%. This is because the demand has steadily increased, since people who wait for housing prices to drop further or could not get the mortgage loan because of a credit crisis situation, move into apartments."...